Low Record Volume of Business for 1914
Markets show low activity in 1914 with prices irregular across exchanges. The E. and T. Fair banks firm highlights a pass on preferred dividends while Old Dominion declares a special ten dollar dividend.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 30, 1914
Page
14
Markets show low activity in 1914 with prices irregular across exchanges. The E. and T. Fair banks firm highlights a pass on preferred dividends while Old Dominion declares a special ten dollar dividend.
New York total sales 68 500 shares and Boston 5957 shares yesterday. Continental Can and Isle Royale show gains while General Motors and Ahmeek Mining show losses in New York and Boston lists. Call and time money rates edge higher in both cities.
New York market records only 69 000 shares traded on a day described as the smallest full session since the 1888 blizzard. Opening prices rose, with United Drygoods preferred edging up 5 points to 65 before retreating. Continental Can saw a late surge, General Motors fell, and domestic news remained negative, including Mexican concerns and lower copper prices. Transfers of 400 000 dollars to the Pacific coast drew attention amid other market signals. Total par value of sales stood at 1 480 000 with government bonds steady on call.
In Boston on June 29 1914 local traders in the New York market posted the smallest order volume of the year. Prices moved little with nearly all issues changing less than half a point as the market remained largely silent during extended intervals.
Syndicate underwriting the New Haven Harlem River and New England Navigation notes faced unsold balances totaling about 16 million dollars. Shorter term issues sold well with New Haven 5 percent one year notes fully placed and most Harlem River notes sold while New England Navigation three year notes remained largely unsold. Market sentiment drifted as assassination news barely moved prices and trading remained light with 68 thousand shares.
The Trustees declare a dividend of 1.75 per share on old common shares 1.50 per share on new preferred shares and .25 per share on new common shares payable July 15 1914 to shareholders of record at the close of business June 25 1914 Transfer books will not be closed Addis M Whitney Treasurer June 23 1914.
Jacksonville Traction Company in Florida declares a quarterly dividend of 1.50 per share on preferred stock and 1.75 per share on common stock. The dividends are payable August 1, 1914, to stockholders of record at close of business July 15, 1914. Stone & Webster, transfer agents.
Boston June 10 1914 a quarterly dividend of 144 on the preferred shares of the New England Power Company has been declared for three months ending July 1 1914 payable on that date to stockholders of record at the close of business June 23 1914 Baker Ayling Co transfer agents
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